Best program with DOM and Footprint for crypto trading
By Yuriy Bishko Updated November 11, 2022
BikoTrading Academy
If you follow us, then you know for sure that we always use additional platforms for trading. Almost every day we get messages about:
KEY ISSUES:
- what programs we use for trading,
- what dom and footprint are, why it is so important,
- where to use dom and footprint and many other similar questions.
In this article, we will answer these questions and tell you about the program, namely Tiger.Trade which we personally use in everyday trade. With Tiger.Trade, you can customize your space, move around easily, and manage risks, making it one of the best for crypto traders who want to analyze well and trade confidently. Check out our helpful guide to find the best platform for you, and don't forget to join our referral programs for awesome bonuses and special trading tools!
What is DOM and Footprint?
In simple words, the DOM is a table of limit orders for the sale and purchase of an asset. The stock DOM makes it possible to assess the supply and demand in the market at a given time. Many traders use this tool in their trading. Footprint - is a display of already completed transactions for sale or purchase
You can read more about what a DOM and footprint is and how it works in this article.
Watch NOW on Youtube TOP 2 trading platforms for DOM and Footprint
Tiger Trade
TigerTrade is an innovative software package that combines all the tools necessary for a successful trader. Flexible workspace, visualization of market information, the ability to filter basic data and a large number of auxiliary functions.
The main tasks that TigerTrade helps to do:
- Study and further use of technical and volumetric analysis in their trade
- Improving the professional level in understanding market processes
- Entry into low-risk transactions based on the information provided by the terminal
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TigerTrade provides the following trading tools:
Candle charts and footprint
Candle charts provide insights into price trends over various time intervals, allowing traders to visualize price movements and market activity at a glanceб while the footprint tool reveals real-time order flow, enhancing decision-making for strategic trades.
Dynamic DOM
The feature provides a detailed view of market liquidity, displaying real-time order book data. Traders can analyze buy and sell orders, track market depth, and see the current supply and demand dynamics.
History of transactions
This tool enables users to review past transactions, analyze trading patterns, and identify successful strategies or areas for improvement.
Analytical tools
The platform equips traders with a diverse set of analytical tools to conduct in-depth technical analysis. From trend indicators to oscillators and drawing tools, users can employ a range of analysis techniques.
Transaction statistics
Traders can access key metrics such as trade frequency, average trade size, and win/loss ratios.
History
The History feature allows users to revisit past market conditions, providing a historical context for current market trends. Traders can review price movements, news events, and other factors that influenced past trading sessions.
History player
With the History Player tool, traders can replay historical market data, allowing for a simulated review of past trading sessions.
Risk Manager
This tool enables the setting of risk parameters, including stop-loss orders and position sizing, helping traders manage risk effectively and protect their capital.
Quantower
Quantower is a modern, professional trading platform that covers global financial markets and allows you to trade various asset classes such as: cryptocurrency, stocks, futures, options, ETFs, FX. Whether you are a buyer or seller, Quantower gives you access to reliable real-time data, liquidity and execution for profitable trades.
A distinctive feature of the platform is its modular system, which allows you to connect and use only the modules you need.
What features Quantower provides:
Different types of assets for trade
Charts with different types of diagrams for different trading systems
Ability to draw and use indicators
In-depth volume analysis with various auxiliary options
Cluster analysis
Volume profile
History of transactions
One-click chart trading
Crypto portfolio panel
Trade Simulator (interface to test your strategy)
Conclusion
When it comes to crypto trading, having access to reliable programs equipped with dynamic DOM and Footprint tools is crucial for opening trades accurately. Tiger.Trade stands out as one of the best programs for traders seeking advanced analytical capabilities. With its user-friendly interface, comprehensive trading history, and powerful tools like DOM and Footprint charts, it helps crypto traders to conduct precise technical analyses, assess market liquidity, and execute orders with confidence.